Starbucks has reported its first pre-tax profit in the UK – with making £1m in the 52 weeks to September 28 2014.

That figure was a £21.5m improvement on the previous year’s performance.

Starbucks said the improvement was thanks to a strategy aimed at reducing the cost of stores built up during its early rapid expansion. Since 2011, the company has closed 67 unprofitable stores.

Mark Fox, UK managing director, said: “The company’s strong performance is the result of a turnround strategy that has focused on engaging with our employees, giving customers more, growing the business and improving our model by rebalancing the store portfolio and carefully managing costs.”

Starbucks this week announced the opening of its 100th franchise store in the UK – a new outlet on London’s Mile End Road.